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Cable Update (GBPUSD)

  • #338,081
  • Apr 2, 2013 7:24am Apr 2, 2013 7:24am
Quoting Maso
But it has broken that base line and is going more dept, I would say towards 1.50000 area: {image}
I'm riding it, cost basis 1.52; target 1.5145/30. May go lower, but I'm not pushing it
When the facts change I change my mind, what do you do sir
  • #338,082
  • Apr 2, 2013 7:30am Apr 2, 2013 7:30am
Today, we may see 1.5090

Quoting Pip Anon
I'm riding it, cost basis 1.52; target 1.5145/30. May go lower, but I'm not pushing it
  • #338,083
  • Apr 2, 2013 7:35am Apr 2, 2013 7:35am
Quoting Maso
Today, we may see 1.5090

sad....im so confident it will break 1.5260 today and go higher.....this is why i enter my long @ 1.5226....crying right now....
  • #338,084
  • Apr 2, 2013 7:36am Apr 2, 2013 7:36am
I'm so sorry mate but do not optimistic on sterling and the very poor UK economy.

Quoting Gbpnewbird
sad....im so confident it will break 1.5260 today and go higher.....this is why i enter my long @ 1.5226....crying right now....
  • #338,085
  • Apr 2, 2013 7:39am Apr 2, 2013 7:39am
Quoting Gbpnewbird
sad....im so confident it will break 1.5260 today and go higher.....this is why i enter my long @ 1.5226....crying right now....
just check on the weekly tf .... price harder to break the point, support turn to resistance with gap opening ....now see price be looking the new support .....

cheers
Attached Image (click to enlarge)
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  • #338,086
  • Apr 2, 2013 7:48am Apr 2, 2013 7:48am
Quoting Gbpnewbird
sad....im so confident it will break 1.5260 today and go higher.....this is why i enter my long @ 1.5226....crying right now....
all pa or technical are prone to fundamental changes such as risk sentiment , farts by political personnel and market participants changing of positions and current dealings in the market.

Now we have a double top @ 1.5258 area, pa tested before UK PMI. The updates from weak economic data and on going risk, drive the current outlook that you are seeing or under-water.

TA is only to measure risk and probability. Candles merely can predict a higher probability of the next few candles most of the time after closing above an area of range and etc, then its meant to move higher or lower from there until the next stronger area of bids and offers.

Just take note of the key support @ 1.5090 and 1.5110 for now.
  • #338,087
  • Apr 2, 2013 8:38am Apr 2, 2013 8:38am
I am long in 1.5155 expect small pips... but still downwards 30 - 40 pips..... if it is possibe to come price today....
  • #338,088
  • Apr 2, 2013 8:46am Apr 2, 2013 8:46am
I would not be surprised if I see 1.4980 as the next support.

Quoting 5percent
all pa or technical are prone to fundamental changes such as risk sentiment , farts by political personnel and market participants changing of positions and current dealings in the market. Now we have a double top @ 1.5258 area, pa tested before UK PMI. The updates from weak economic data and on going risk, drive the current outlook that you are seeing or under-water. TA is only to measure risk and probability. Candles merely can predict a higher probability of the next few candles most of the time after closing above an area of range and etc, then...
  • #338,089
  • Apr 2, 2013 8:47am Apr 2, 2013 8:47am
i dont think so mate. please check the open price and high price.
  • #338,090
  • Apr 2, 2013 8:57am Apr 2, 2013 8:57am
Quoting 5percent
all pa or technical are prone to fundamental changes such as risk sentiment , farts by political personnel and market participants changing of positions and current dealings in the market. Now we have a double top @ 1.5258 area, pa tested before UK PMI. The updates from weak economic data and on going risk, drive the current outlook that you are seeing or under-water. TA is only to measure risk and probability. Candles merely can predict a higher probability of the next few candles most of the time after closing above an area of range and etc, then...
since fundies are important too, we need to know which news could move the market. after all its hard to 'filter' it. thats why most of us used TA or PA, its simpler but effective even there are few false signals on ur position.
  • #338,091
  • Apr 2, 2013 9:04am Apr 2, 2013 9:04am
All done for today. Have a good one guys
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When the facts change I change my mind, what do you do sir
  • #338,092
  • Apr 2, 2013 9:05am Apr 2, 2013 9:05am
Out when this touches 1.511

Spent most of yesterday being barrated by the bulls in here so this one was particularly sweet.
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Money never sleeps...
  • #338,093
  • Apr 2, 2013 9:05am Apr 2, 2013 9:05am
The risk associated with the Mr market is so high. In this environment, the weaker pair, the more bearish movement. Sterling is a poor currency without any supports.

So, it will sink again this week.


Quoting willi1904
i dont think so mate. please check the open price and high price.
  • #338,094
  • Apr 2, 2013 9:07am Apr 2, 2013 9:07am
lots of news Thurs/Fri, personally I get suspicious seeing moves like this before Ben speaks.
US unemployment no's lately have been crap.
If 5115 area holds today, short/medium term bulls may yet have their prize.
Come with me if you want to live....
  • #338,095
  • Apr 2, 2013 9:10am Apr 2, 2013 9:10am
Well done mate

Quoting inpatient
Out when this touches 1.511 Spent most of yesterday being barrated by the bulls in here so this one was particularly sweet. {image}
  • #338,096
  • Apr 2, 2013 9:10am Apr 2, 2013 9:10am
A good bounce here would be very nice.
  • #338,097
  • Apr 2, 2013 9:12am Apr 2, 2013 9:12am
Quoting Ill-b-back
If 5115 area holds today, short/medium term bulls may yet have their prize.

already closed and reversed, i think we will range until NFP
Money never sleeps...
  • #338,098
  • Apr 2, 2013 9:15am Apr 2, 2013 9:15am
While the US economic report was good, do you really expect this movement?

Quoting blobsaudio
A good bounce here would be very nice.
  • #338,099
  • Apr 2, 2013 9:15am Apr 2, 2013 9:15am
Quoting inpatient
already closed and reversed, i think we will range until NFP
Nicely done brother.
I was earning my money the hard way massaging a 125kg client when that pin bar formed and dropped.

Yep, some range around here would be nice
Come with me if you want to live....
  • #338,100
  • Apr 2, 2013 9:17am Apr 2, 2013 9:17am
Quoting Maso
While the US economic report was good, do you really expect this movement?
what report was that?
Come with me if you want to live....
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